mp mplg. it's tuesday, october 9th. world financial leaders are gathering in tokyo at the annual meters of the international monetary fund and world bank. it's the first time in 48 years for japan to host the events. financial officials for more than 180 countries are attending the conferences starting tuesday. imf managing director will be among them. high on the agenda are europe's prolonged credit problems around the slow down of emerging
economies. there will be donor countries and the meeting to discuss the arab spring popular movement. an international conference is slated for sundai. imf representatives are starting off a week of announcements by releasing their global economic outlook. they are lored forecast by 0.2%age points to 3.3% the the report says economic decline is serious in southern economic countries. it also points out the european uncertainty is slowing growth in emerging nations such as china. the report projects the euro zone will shrink.
japan and the united states should see 2.2% growth. global growth will increase to 3.3% next year but they warn europe's credit problems still pose a threat to the global economy. the bank's latest report project 7.2% growth across 14 countries. that's lower than the forecast in may. the region includes china but not japan. china's domestic demand is sluggish and it's hurt exports throughout the region. growth in east asia will rise to 7.6% next year. they say china will pick up steam and demand will grow within southeast asia.
they are also being cautious. chinese officials safe they have cancelled plans to aattend world meetings. japan controls the islands. chinese leaders say the territories belong to them. representatives of the industrial commercial bank of china, china construction bank will skip the world bank gathering. a ministry official was quoted as saying japan's unilateral actions are freezing relations. it's the world's largest bank and the other institutions are among the top ten on the planet.
senior officials are still expected to take part in the meetings here in tokyo. we'll take you to the imf world gathering a little later in the day. we'll have live updates. now let's get a check on the markets to see how stocks are trading this tuesday. we cross over to ramin who is at the tokyo stock exchange. we had the improved u.s. jobs data on friday. with the imf meetings this week a lot of focus on global growth. how are stocks kicking off? >> playing a bit of catchup today. tokyo markets were closed on monday for a public holiday. we did have the u.s. jobs data for september coming out on
friday dipping below that key 8% level for the first time in four years. that will be resonating in the financial markets. we'll see how that affects the markets here. we're going to be focusing on the imf and world bank meetings as they convene in tokyo. we'll have full coverage of that as you mention. let's have a look at the opening levels for this tuesday and both indexes trading in the negative there. 8,811 for the nikkei and 733 for the topix. concerns over slow growth in china as well as cent tensions between japan and china has meant a renewed focused. car makers have suffered sales of more than 60% year on year for september in china.
a big focus there and we'll keep track of that. in cotokyo there's a big focus japanese yen. it's still relatively strong whether you look at it against the dollar our the euro. he's been advocating aggressive monetary policy measures to stem from deflationary forces here in japan's economy. let's have a look another the currency levels for this tuesday morning during tokyo stock trading hours. 60 to 65. do you can see they are holding relatively steady. >> ramin this week we'll have a
slew of u.s. earnings. what should we be looking out for? >> that's going to be a big focus. it's a key market force or guide. also we have wells fargo and jpmorgan as the u.s. big banks are concerned. we're going check rising wages as well as food prices affect its earnings. japan will be coming out with earnings later in october. back to you. thanks very much. members of the nobel committee have honored two men
of understanding how cells organize. they won this year's nobel prize in physiology or medicine. >> the nobel assembly has decided to award the nobel prize in physiology or medicine 2012 joint jointly. >> they made the announcement monday. yamanaka is 50 years old. they're capable of becoming specialized cells which can be used to create tissue such as neurons and heart muscle.
he introduced four types of genes from cells removed from parts of the body. he reported success with mice in 2006 a 2006. in 1962 he was the first to say that genomes could contain the information in cell organism. the scientists contributed to the study of how diseases develop and spread by creating and reproducing disease cells in the lab. members of the nobel committee says their work has made an important contribution to new medical research. professor spoke about his win at the university. >> translator: i am very happy
about receiving this prize, but at the same time i feel a great sense of responsibility. ips is a new technology. it has a lot of potential in the field of medicine and the development of new drugs. i want to continue this research. now that i've received this honor i would like to or i feel i must contribute to society as soon as possible. >> professor yamanaka said he is honored to receive the prize alongside sir gruden. he spoke about the importance of
yamanaka's work. >> he was amajor breakthrough because it showed you can derive embryo cells from adult cells by adding the right combination of genes. >> the announcement in literature is scheduled for this thursday. delegates from more than 170 nations have gathered in india to talk biodiversity. they will discuss ways to use the earths plants and animals in a sustainable manner. the united nations holds the conference every two years. delegates agreed on rules for sharing economic benefits from genetic resources. the delegates set a target of preserving 17% of land.
many governments have yet to s pass laws enforcing the protocol. the participants are expected to discuss how to secure funding to meet the targets agreed. military personnel from the united states and philippines have begun 11 days of joint exercises. the the drills began monday on the western coast m facing the south china sea. 3800 personnel are taking part in this year's exercises. that's 800 more than last year. a philippine know military suggest they reflect the numbers growing in the region. u the philippines is engaged in
disputes with china. chinese patrol boats are preventing philippine fishing boats from approaching. u.s. leaders have expressed concern that china is expanding its activities in the region. australian prime minister has urged japan to sign a free trade agreement with her country as soon as possible. she says no other fta will be more logical. he spoke at a reception in sydney. >> japan is a critically important economic partner for austr australia and will remain so in the future but in a dynamic and changing region it's time to take the next step. it's time to seal the deal on the free trade agreement.
>> she also referred to regional security issues. she said they must work together to balance rising asian powers. she wants to use the g-20 summit and the asia pacific cooperation forum to work with japan on security issues. japan imports more than 50% of its nickel from indonesia. they plan to ban 14 times of ore. such an embargo would hurt japan's economy. he hopes the ban will boost
indones indonesian industry. the ministers agreed to continue talks over the issue. members of a u.s. congressional panel want to keep some chinese telecom out of the american markets for security reasons. they are warning government agencies not to use products made by two of china's top technology firms. they say the firms may be involved in espionage activities. they are major global suppliers of mobile devices. nhk obtained a copy of the report. the document criticized the companies for being unwilling to cooperate. the report concludes members of the intelligence committee
cannot overcome the concerns they have. it warns the u.s. government not to use their products. chinese foreign ministry spokesperson reacted by saying china's technology firms are co complying with the rules and says u.s. is benefitting from certain products. space exploration has entered the commercial era. a ship built by a u.s. company has blasted off in orbit. the craft is taking over the space shuttles and taking private enterprise where it's never gone before. >> three, two, one. >> reporter: engineers developed the unmanned dragon capsule.
they launched it from cape canaveral in florida. it's cruising towards the space station. it's due to dock in three days 400 kilometers above the earth. it's carrying nearly a ton of food and experimental equipment. it's the first private company to handle a supply mission. it's contract with nasa the worth $1.6 billion. 11 more dragons are scheduled to fly. it's now heading toward the international space station but nasa is no longer line in space. china and india are racing to catch up. nasa is now free to focus on its new mission, reaching to mars. >> what i call a historical event in space flight. it marks the official start of
commercial resupply missions by american companies operating out of u.s. space ports like the one right here in florida. >> reporter: nasa officials need to spend their limited funds carefully. he said americans need to nurture the next generation to keep their leadership and development of space. some children wake up and cringe at the thought of heading to the schoolyard. they know that bullies are waiting for them. we have two reports on how schools in australia and the u.s. are handling the problem. >> reporter: this high school in australia has set up program to get students to confront the
issue of bullying and look at the way to tackle it. >> what kind of characteristics might the person have that lead them to bully? >> sexuality. >> reporter: the professor is one of australia's leading authority on bullying. he's been invited to lead a class addressing issue. gh he gets the students to give their opinion on why pullying happ bullying happens and why they can stop it. >> what might they say? >> stop. >> stop. what else? >> tell someone. >> you go look for -- >> a teacher. >> you bring in the staff. >> reporter: he says life standards play a key role in
stopping bullies. >> the research showed that 50% of the time the bullying stops. when they do say something then the bullying is likely to stop. >> you can prevent that for sticking the up for someone or notify someone else about it. it's an easy way to get rid of it and prevent it in the future. >> i think that they took the matter very seriously and came up with sensible suggestions. if they are keen on trying to do something about bullying that can make a massive difference. >> most u.s. states have enacted laws against bullying. educators there are taken a different approach. >> reporter: in new jersey a new anti-bullying law took effect from september 2011. the state law once bullying is
observed schools are required to look into it immediately, notify parents and take steps to tackle it. this middle school has the anti-bully bill of rights. the school counselor was appointed last year as the school's anti-bullying specialist. >> this is my anti-bullying bible. >> reporter: the law requires each school district to create its on antibullying program. the program sets out detail procedure to follow when bullying occurs and steps for dealing with the bully. when bullying is reported, they begin the investigation and
contact offender. they also contact after school counseling. the law stipulates the student can be suspended or expelled and reported to the police if it's serious. >> the benefit about the law is it's a must so every school district has to handle a report in the same way. there's no gray area and it's not something that is really subjective. >> japan has no laws dealing with school bullying but local governments have started passing regulations to address the issue. they are informing educators, parents and others in the community that they have a responsibility to protect children. people in tokyo, including myself, are wearing warmer clothes today. it's a chilly morning.
>> it's really cool. i wore a jacket in on my way to work. we had cooler conditions and less windy conditions. those conditions led to overnight cooling. today it's going to be the same story. we're going to see clear skies throughout the day today. out west this is a low pressure system producing heavy snow and showers in north eastern china that will be moving towards the korean peninsula. pr the tropical storm has been weakened to a low. it brings in drenching rain in northern parts of thailand. out east there's a typhoon.
it's a strong typhoon. sustained winds are 126 kilometers per hour with gusts up to 108. it's going to strengthen into a strong typhoon. we're not sure where the system is going. we'll keep you posted. temperatures are looking like this. 22 degrees in seoul. it should be cooling down into the upper teens as the rain comes in on wednesday. tokyo nice and comfortable. 23 degrees and out west just on target only 8 degrees expected. movie ining into the americas. you can see this storm. we've got a very potent storm tracking over the great lakes bringing heavy snow showers in central canada. the heaviest snow is going to be found in the western parts of
ontario. heavy rain will spread into the central parts of the mississippi river valley into tomorrow and back behind a cold front. criminal fire weather is imposed in parts of wyoming, eastern nebraska as well as iowa into tonight. heavy rain shards will gradually weaken as we head into tonight. very cool air coming from the north. frost advisory and freeze warnings are posted in the appalacians. temperatures aring looing quite chilly for this time of year. only 15 degrees expected in washington and chicago at 19 degrees. only 5 degrees in winnipeg. let's go over to europe. a strong low bring in snow showers and heavy rain in the